There’s No Getting Around Magnite Inc (NASDAQ: MGNI) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

MGNI belongs to the Communication Services sector of the NASDAQ while operating in the Advertising Agencies industry. The current market capitalization of Magnite Inc is $2.27B. A total of 1.16 million shares were traded on the day, compared to an average of 1.87M shares.

In the most recent transaction, Day David sold 13,500 shares of MGNI for 16.32 per share on Dec 17 ’24. After the transaction, the CHIEF FINANCIAL OFFICER now owns 387,359 company shares. In a previous transaction on Dec 16 ’24, Day David sold 11,644 shares at 16.44 per share. MGNI shares that CHIEF FINANCIAL OFFICER owns now total 400,859.

Among the insiders who bought shares, DAVID DAY acquired of 13,500 shares on Dec 17 ’24 at a per-share price of $16.32. In another insider transaction, DAVID DAY bought 11,644 shares at $16.44 per share on Dec 16 ’24.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MGNI has a high of $18.38 and a low of $8.38.

As of this writing, MGNI has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.33.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MGNI’s latest balance sheet shows that the firm has $230.40M in Cash & Short Term Investments as of fiscal 2021. There were $809.25M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $5.14, while its Total Shareholder’s Equity was $880.76M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGNI is Buy with a score of 4.69.

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